Franklin Electric Co Inc (FELE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.00 | 2.69 | 2.48 | 2.41 | 2.71 | |
| DOH | days | 135,434.24 | 135.71 | 147.10 | 151.27 | 134.91 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.00
= 135,434.24
The days of inventory on hand (DOH) for Franklin Electric Co Inc have shown fluctuations over the years. From 134.91 days in December 31, 2020, it increased to 151.27 days by December 31, 2021. Subsequently, it decreased slightly to 147.10 days by December 31, 2022, before dropping further to 135.71 days by December 31, 2023.
However, a stark anomaly is observed in the DOH figure for December 31, 2024, which is reported as 135,434.24 days. This aberrant value is highly unusual and likely to be a data input error or discrepancy.
In general, a lower DOH indicates a faster turnover of inventory, which may be a positive sign of efficiency and effective inventory management. Conversely, a higher DOH suggests that inventory is being held for an extended period, potentially tying up capital and increasing storage costs. It is essential for Franklin Electric Co Inc to investigate the cause of the extreme value for December 31, 2024, and ensure the accuracy of their financial data for meaningful analysis and decision-making.
Peer comparison
Dec 31, 2024